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sell euro upon a rebound from 1.17430

sell euro upon a rebound from 1.17430 | 01 June 2018

01 June 2018, EUR/USD

Wave Analysis

Euro is continues to correct itself but is still just a few pips below the horizontal resistance line 1.17430. This is a key level and as long as it protects the upper side, we're waiting for a clear rebound from it to pick a perfect low rise sell position with an ultimate target at 1.13. If you're already in a short position, then leave this position open, if not, then look for a short position around 1.17430. This view will only be invalidated in case the price breaks above 1.17430. This being the case, we recommend staying flat.

Trade Recommendation,

sell euro upon a rebound from 1.17430

101% Double the volume

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Bob Stan
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